Kyrgyzstan plans to integrate into the EEU energy market

According to Kyrgyz deputy prime minister, integration into the EEU market will provide for export opportunities and investments
Kyrgyzstan plans to integrate into the EEU energy market
04 April 11:20 2016 Print This Article

Kyrgyzstan is interested in integration into the Eurasian Economic Union’s (EEU) common energy market, Kyrgyz Deputy Prime Minister Oleg Pankratov said during the Eurasian Economic Commission meeting on Friday, reports Sputniknews.

“The Eurasian Economic Union opens new opportunities for us. Taking part in the forming common EEU energy market represents a promising direction of cooperation for our country,” Mr Pankratov said, adding that integration into the EEU market will provide for export opportunities and investments in the country’s energy sector.

In 2015, Kyrgyzstan generated 12.9 billion kWh, over two thirds of which were used for household consumption, according to National Energy Holding Company head Aibek Kaliev. Most of the mountainous country’s generation capacity comes from hydroelectric dams, with a significant untapped potential of its mountain rivers.

Kyrgyzstan has entered the EEU in August 2015. The country’s customs control with Kazakhstan was lifted and a common EEU customs tariff was implemented on its external borders.

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Davide Lonardi
Davide Lonardi

Giornalista iscritto dall'Ordine Nazionale dal 2011, nutre una particolare passione per il mondo dell'editoria online. Collabora con diverse testate occupandosi anche di strategie di marketing e di personal branding sul web

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